Best of the Brokers

Share

BARCLAYS
Canaccord has cut its rating on the bank from “buy” to “hold” while keeping its price target at 280p. The broker reckons a shake-up at Barclays Capital to make it more independent could bolster the shares.

REDROW
Panmure Gordon keeps its “hold” rating and 152p target on the house builder after takeover talks failed last week. The broker sees no other potential buyers, given the offer’s strong links to founder Steve Morgan.

PROVIDENT FINANCIAL
Numis has cut its rating from “add” to “hold” with a price target of £14.44, but has raised its 2012 profit forecast for the Vanquis Bank arm of the firm by 10 per cent.